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When is an offer considered as legal binding?

offer
New answer on Nov 06, 2023
7 Answers
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Anonymous A asked on Nov 01, 2023

I have received a written offer but without a company chop and signature yet. Is this written offer already “legal binding”? 

I'm a bit anxious as the firm has been taking several days to proceed with the company chop and signature.

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Cristian
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replied on Nov 02, 2023
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Frederic
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replied on Nov 01, 2023
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Yes in most cases, a written offer, even without a company chop and signature, can be considered legally binding. If this is from a T1/T2 company I would not worry. Warm regards, Frederic 

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Moritz
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replied on Nov 02, 2023
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Hi there,

More important than the legal aspects, which depend on the country's legal framework for labor law, is the fact that top firms generally honor their word and certainly contracts (even w/o chop and signatures).

I've not heard of a single case where a firm changed their mind like that. They don't just hand out contracts like cookies you know - just to exceptionally bring and talented people like yourself :)

Well done and relax!

Moritz

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Francesco
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replied on Nov 02, 2023
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Hi there,

Congratulations on the offer! In terms of your question:

Q: I have received a written offer but without a company chop and signature yet. Is this written offer already “legal binding”? 

Whether is legally binding might depend on the local regulation so it is difficult to comment. Eventually, in most countries you should get an offer with a signature/stamp, which from your comment it seems they will provide regardless.

I don't think you have to worry. If you want to be 100% sure, you can just avoid to withdraw from other processes until you have the copy with the signature.

Best,

Francesco

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Pedro
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replied on Nov 02, 2023
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More than “legal binding” it is “reputation binding”. 

As such, only in extreme situations will top consulting firms back out from an offer they made. Usually they farthest they'll do is to postpone starting date.

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Ian
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updated an answer on Nov 04, 2023
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The moment both parties sign it.

But in terms of reputation-binding for a top-tier firm, when they send the offer and you sign.

(edited)

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Raj
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replied on Nov 06, 2023
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Realistically, it's once they receive your acceptance and signed copy. Legally, once there is a counter-signed copy

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Cristian gave the best answer

Cristian

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